Associate, Trading Operations

Location:
HKEX - TKO

Shift:
Standard - 40 Hours (Hong Kong SAR)

Scheduled Weekly Hours:
40

Worker Type:
Permanent

Job Summary:

Job Duties:

An exciting opportunity has arisen to join our Trading Operations team as an Associate based in Hong Kong.

Trading Operations is responsible for the day-to-day operation of the market. The team's primary responsibilities include setting global benchmark reference prices for various products available to trade (Base Metal Futures, Cash Settled Futures, Options, Bullion) and ownership of the LME's current trading system, LMEselect.

Trading Operations provide the first line of real-time market supervision including governance and enforcement of the Ring Dealing Regulations. The team is heavily involved in various work streams including the delivery of a new Trading Platform and is responsible for dealing with all internal and external stakeholder trading related queries.

Purpose of the role is to provide an effective first-line supervision for all trading activity on LMEselect as well as first-line support and oversight for all LMEselect trading queries.

Also, to ensure the Error Trade Policy and Dynamic Price Bands on LMEselect are managed effectively, to effectively manage LMEselect processes, documentation and users, to understand all processes across LME venues and functions managed by Trading Operations and to maintain an overview of LME and LMEClear systems including LMEselect, LMEprice, LMEprism, LMEsword, LMEsmart, LMEbullion, LMEsource, LMEvps.

In this role you will be responsible to:

• Ensure the LME Error Trade Policy and Dynamic Price Bands on LMEselect are managed effectively and consistently
• Ensure the procedures for the Error Trade Policy and Dynamic Price Bands on LMEselect are followed with all relevant information documented for regulatory purposes
• Maintain expertise to use Expert judgement when required on LMEselect trades that appear erroneous, misleading or fall outside of the remit of the LME error trade policy
• Establish & publish Asian Reference Prices ensuring all procedures are followed
• Perform health-checks after systems started up
• Manage major incidents on trading platform, including communications management
• Effective handling of all stakeholder queries relating to LME's pricing procedures and Trading Operations in general
• Troubleshoot issues relating to trading platform, escalating to support teams when necessary
• Liaise with and complete a daily handover with the London team
• Manage relevant LMEselect stats and updates of analytical coding
• Complete trader accreditations and internal staff training on LMEselect
• Review and update departmental documentation
• Ensure regulatory reports on trading users and activity are completed accurately and on time
• Recommend and promote enhancements to the management on issues that will benefit the LME's price discovery procedures, and to participate in all relevant projects and initiatives
• Undertake project work as and when required, including UAT testing and updating operational procedures to reflect new processes for the new trading platform delivery projects
• Assist with the rollout of the new trading platform to Asia Pacific members and software vendors

To be successful in this position, you will need:

• Four years' experience working in the Financial Sector
• A thorough knowledge or experience in electronic trading
• A thorough knowledge of market terminology
• A good understanding of Futures and Options
• A good understanding of the LME prompt date and contract structure
• A good understanding of the LME forward price curve
• A good understanding of dealing regulations

Qualifications Required:

• Good HKCEE/HKDSE (or equivalent), a University Degree, preferably in Finance/ Business Administration/ Information Technology or related subjects

About the London Metal Exchange

The London Metal Exchange is the world centre for industrial metals trading. Most of the world's global non-ferrous futures business is conducted on the LME's three trading platforms totalling $15.6 trillion, 145 million lots and 3.3 billion tonnes in 2021.

Participants can transfer or take on price risk against aluminium, copper, nickel, tin, zinc, lead, molybdenum, cobalt, steel scrap, rebar and hot-rolled coil, aluminium premiums and alloys, as well as our suite of gold and silver contracts, LMEprecious.

In December 2021, approximately 1.4 million tonnes of material were held on LME warrant in more than 570 storage facilities in 14 countries across 32 global locations.

The LME is a member of HKEX Group.

The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams, we welcome the unique contributions that you can bring in terms of education, ethnicity, race, sex, gender identity, expression & reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. In doing so, we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.

Company Introduction:

Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world's major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world's leading IPO market and as Hong Kong's only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia's most vibrant markets.

As the global markets leader in the Asian time-zone, we offer a world of opportunities for early careers and experienced hires. Here, we know that diverse thinking fosters better solutions, and we are committed to building an open and dynamic environment which allows our business to innovate and our people to thrive.

Discover the latest career opportunities and programmes at HKEX.

HKEX is committed as an Equal Opportunity Employer. Diversity is one of our core values and we look to support, respect diverse perspectives, abilities, culture and experiences within our workplace.